August 2010 National Small Business Trends

Small business hiring rose while paycheck sizes remained flat in August.

The Hiring Index is a proxy for the size of the average small business workforce, including employees and contractors. Its rise of 19 points this month implies continuous, modest hiring gains in the small business sector. With no change from the previous month, the average small business paycheck appears temporarily stable.

About the Scorecard
The SurePayroll Hiring Index and the SurePayroll Pay Index are generated as part of SurePayroll’s Small Business Scorecard, an economic indicator that tracks the health of the U.S. small business economy. The Small Business Scorecard is generated from actual payroll data — paychecks issued to contractors and employees — for tens of thousands of small businesses nationwide.

Questions regarding the SurePayroll Small Business Scorecard can be directed to Lori Bolas or Melinda Brodbeck. Lori can be reached at loriann.bolas@surepayroll.com or by phone at 847.676.8420 ext. 7248. Melinda can be reached at mbrodbeck@kruppnyc.com or by phone at 212.886.6705.